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VEXC

GradeANew York Stock Exchange Arca

Vanguard Emerging Markets Ex-China ETF

Broad Stock Market · Vanguard · Inception 2025-09-30

$96.72−1.40 (−1.43%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Oct 2, 2025.History starts Oct 2, 2025.
Intraday session: down, 20 prints from 98.12 to 96.72. Range 96.32 to 97.48. Use the arrow keys to read each point.$96.50$97.00$97.5010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$269M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$97.83
52W range
low $74.97high $98.79

The ETF.net VEXC Grade

A

84/ 100

Rank 1 of 22 in Emerging Markets Stocks⁠

Confidence High

Six-pillar profile for VEXC. Scores out of 100: Cost 100, Risk 78, Mission 100, Tradability 75, Holdings 42, Durability 57. Strongest: Cost (100). Weakest: Holdings (42). Leans toward Cost and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 84 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 100
    Category rank1/22 · top 5%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank6/17 · top 35%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 78
    Category rank1/22 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 75
    Category rank4/22 · top 18%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 42
    Category rank13/19 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank11/22 · top 50%

Graded as of Sep 22, 2026

Our read on VEXC

ETF.net Research

AVanguard's emerging markets, China removed. Same index-tracking discipline, 0.07% a year, a fraction of what the typical EM fund charges. Ex-China is no longer a niche idea; this is the cheap way to own it.

Stated mandate

The fund invests in emerging-market stocks while excluding China and seeks to closely track the FTSE Emerging ex China Index.

Why people hold it

  1. 01Charges 0.07% a year against a 0.49% median for emerging-markets funds, and undercuts the other top-graded names in the group, including XCEM at 0.16% and BKEM at 0.11%.
  2. 02Rules-based, not opinion-based: it tracks the FTSE Emerging ex China Index, so the China carve-out is written into the mandate rather than left to a manager's discretion.fund-docs.vanguard.com
  3. 03Splitting China out of emerging markets puts the sizing decision in your hands instead of accepting whatever weight a broad EM index assigns. Pays quarterly.investor.vanguard.com
  4. 04Ranks among the strongest implementations in its emerging-markets peer group on the things we measure: cost, mandate clarity, index discipline.

Worth knowing

  1. 01Launched in 2025 and still thinly traded, so it lacks the trading heft of the giant EM funds. Spreads can be wider than the Vanguard name suggests.
  2. 02Excluding an entire country by rule means results will drift away from broad EM funds, in both directions, depending on how China does.
  3. 03The remaining basket screens more concentrated than most funds in the category, so a handful of countries and sectors drive much of the outcome.

VEXC Holdings

As of Sep 21, 2026, 7:38 PM
Asset class
Stocks
Holdings
—
Top-10 weight
34%
Largest holding
2330.TW23.1%

Geography

  • Taiwan (Province of China)44.99%
  • India21.49%
  • Brazil5.79%
  • South Africa4.62%
  • Saudi Arabia4.42%
  • Mexico3.04%
  • Malaysia2.15%
  • United Arab Emirates1.89%
  • Other countries (26)11.61%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 68.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTaiwan Semiconductor Manufacturing Co Ltd23.15%828,383$62M175
0022454.TWMediaTek Inc2.30%50,089$6M162
0032308.TWDelta Electronics Inc1.42%65,778$4M154
0042317.TWHon Hai Precision Industry Co Ltd1.22%416,266$3M114
005RELIANCE.BOReliance Industries Ltd1.14%229,059$3M71
006HDFCBANK.NSHDFC Bank Ltd1.07%388,692$3M15
007ICICIBANK.NSICICI Bank Ltd1.02%180,574$3M13
0083711.TWASE Technology Holding Co Ltd0.77%113,063$2M115
009BHARTIARTL.NSBharti Airtel Ltd0.73%103,386$2M17
010ANG.JOAnglogold Ashanti Plc0.72%17,244$2M121
011VALE3.SAVale SA0.67%119,767$2M79
012—Al Rajhi Bank0.66%100,047$2M8
0132383.TWElite Material Co Ltd0.64%9,909$2M114
0142303.TWUnited Microelectronics Corp0.60%396,048$2M112
015ITUB4.SAITAU UNIBANCO HOLDING S-PREF0.53%186,198$1M83

Showing 1–15 of 1017 holdings

VEXC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VEXC$12,524
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. VEXC $12,524. SPY $11,430. Use the arrow keys to read each point.$9,033$10,922$12,811Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VEXC. Periods over one year show the average yearly return.
PeriodVEXC
Year to date+25.2%
1 month+3.0%
3 months+0.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VEXC
YearReturn barVEXC
2026 YTD+25.2%
2025+4.8%

History from Oct 2, 2025

VEXC in the news

VEXC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.54 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 19, 2025 $0.34; Mar 20, 2026 $0.36; Jun 18, 2026 $0.65; Sep 18, 2026 $0.54. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.54
Jun 18, 2026Jun 23, 2026$0.65
Mar 20, 2026Mar 24, 2026$0.36
Dec 19, 2025Dec 23, 2025$0.34

VEXC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Sep 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Sep 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Sep 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VEXC Cost

Expense ratio0.07%
  • The middle half of Emerging Markets Stocks funds
  • Median 0.56%

No Emerging Markets Stocks fund charges less.

VEXC costs $7.00 a year on $10,000. The median Emerging Markets Stocks fund costs $56.00.